Xcel Energy customers in Minnesota will see electricity rate increase

(KNOX) – EXcel Energy’s Minnesota customers will see higher electric rates starting this month.
In December, the Minnesota Public Utilities Commission approved a 5.2 percent interim rate increase for the state’s largest utility, which was less than Xcel had requested. It amounts to an extra $5.39 a month for a typical residential customer.
The temporary rate took effect Jan. 1. It will remain in place while the PUC considers Xcel’s larger overall rate increase request of about 13 percent over two years. Under Xcel’s proposal, the average residential customer’s monthly electric bill would increase by about $9.89 in 2025, and an additional $3.90 in 2026.
Xcel says the increase will help pay for infrastructure improvements and its transition to carbon-free energy.
If the commission approves lower rates than the interim amount, customers will receive a refund plus interest.